Cipher Mining jumps on $50 mln SoftBank investment

Cipher Digital

31/01/2025 10:31

** Shares of Cipher Mining  CIFR.O  jump 17.5% to $5.52
premarket
    ** CIFR late Thursday announced a $50 mln investment from
Japan's SoftBank Group  9984.T  
    ** SoftBank will purchase about 10.4 mln shares of CIFR for
$50 mln
    ** The investment will support CIFR's data center
development business    
    ** Keefe, Bruyette, & Woods and Latham & Watkins advised
CIFR
    ** CIFR stock climbed 12.4% in 2024


 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))